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Victor Hugo
Victor, 48, has a small clothing shop in his home in the south west of the city. He started his business 12 years ago, when he became unemployed after working as a tailor, where he acquired knowledge of the art of preparing and assembling pieces of clothing. He decided to generate his own income independently.

Victor's main product lines are dresses for ladies, menswear and children's shirts. His customers are diverse and include small commercial outlets that exhibit the designs that he produces. He also makes garments to measure, and his main clientele are ladies, who buy in cash and credit.

In his shop, Victor carries out the entire production process from purchasing raw materials and supplies, design, preparation and finishing of pieces, to marketing the finished product, which is why his schedule starts at 8 am and he often works more than 8 hours per day. His goal for the future is to expand his workshop and be able to purchase his own home. Therefore, every day he prepares to gain more ground in the market, albeit with much effort.

Victor is currently applying for his first loan with Fundación Mario Santo Domingo, with which he will purchase raw materials and supplies to produce clothing, pants, shirts and dresses for ladies. Through the credikiva investment, he will be able to focus on bringing new designs and fashions to his products, which will impact his customers and make this investment a success because it will generate more opportunities to achieve a greater income and quality of life, which is precisely what Kiva aims to do.
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Víctor de 48 años de edad tiene un pequeño taller de confecciones en su casa, ubicada al sur occidente de la ciudad; su negocio lo inició desde hace 12 años, una vez quedó desempleado cuando trabajó en una sastrería, lugar donde adquirió conocimientos en el arte de preparar acabar y ensamblar piezas de confección y decidió generar de manera autónoma sus propios ingresos. Sus principales líneas de productos son los vestidos para damas, camisetas infantiles y ropa masculina; su clientela la conforman en su mayoría misceláneas y pequeños puntos comerciales que exhiben los diseños que ella fabrica. Igualmente confecciona sobre medidas y su principal clientela es el género femenino, quienes le compran de contado y a crédito. Víctor en su taller realiza todo el proceso productivo, desde la compra de materias primas e insumo, diseño, preparación ensamble y acabado de piezas, hasta la comercialización del producto que elabora; por eso su horario es extendido desde las 8 de la mañana y son muchas las veces que está por más de 8 horas dedicado a su trabajo. Su meta mas adelante es ampliar su taller y lograr adquirir su propia vivienda, por eso se prepara cada día ganando espacios en el mercado, aunque con mucho esfuerzo. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará materias primas e inusmos para elaborar prendas de vestir, pantalones, camisas y vestidos para damas. Con la inversión de su credikiva logrará elaborar estos productos enfocados en nuevos diseños que trae la moda y que impactarán a su clientela, haciendo que este financiamiento tenga éxito, pues genera a él más oportunidades de ingreso y bienestar y esto es justamente a lo que Kiva aspira

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $11,100
    Average annual income
  • 504
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,788.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Victor Hugo to purchase raw materials and supplies to produce clothing, pants, shirts and dresses for ladies.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Jul 29, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 28, 2014